THE INDUSTRY

EIN: 824030776 501(c)(3) Housing & Shelter

FORT GRATIOT, MI

Total Revenue
$77,255
Total Expenses
$149,859
Total Assets
$63,125
Net Assets
$36,115
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Principal Officer
JOSH SABO
Phone
8104470567
Tax Period
2020-10-01 to 2021-09-30

THE INDUSTRY, founded in 2018, is a micro nonprofit in the Housing & Shelter sector that reported $77K in total revenue in fiscal year 2020. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 94% operating deficit.

Mission

THE INDUSTRY PROVIDES HIGH SCHOOL GRADUATES WITH TRAINING AND SERVICES THAT WILL HELP THEM DISCOVER WHAT THEY TRULY WISH TO DO. WHETHER IT'S TRADE SCHOOL, COLLEGE, OR ENTERING THE WORKFORCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $77,011
Program Service Revenue $244
Investment Income $0
Other Revenue $0
TOTAL REVENUE $77,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,888
Fundraising Expenses $0
Program Expenses $212
Other Expenses $46,971
TOTAL EXPENSES $149,859

Year-over-Year Comparison

2020 2019 Change
Revenue $77,255 $166,652 -0.5%
Expenses $149,859 $83,070 +0.8%
Net Income $-72,604 $83,582 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$66,664
Key Employees
1
$19,695
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA SABO CEO 40.00
Director
$66,664 $0 $66,664
CARLOS QUIROGA DIRECTOR 40.00
Key Emp
$19,695 $0 $19,695
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $77,255 $149,859 $63,125 $-72,604
2020 $166,652 $83,070 $134,701 $83,582
2019 $83,151 $61,367 $86,651 $21,784
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